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Legence Corp. Class A Common stock logo

Legence Corp. Class A Common stock

LGN

NASDAQIndustrialsEngineering & Construction

Open in GoAI

Previous close

$59.37

−$0.71 · -1.18%

Aug 21, 4:00 PM ET

Pre-market

$59.20

−$0.17 · -0.29%

Aug 24, 7:36 AM ET

LGN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

5

Overpriced

Momentum

45

Neutral

Sentiment

57

Mixed

Risk resilience

28

High Risk

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Company profile

Company website

Legence Corp., a company established in 1914 and based in San Jose, California, specializes in providing engineering, installation, and maintenance services for essential building systems throughout the United States. Its operations are structured into two key divisions: Engineering & Consulting, and Installation & Maintenance. The Engineering & Consulting segment focuses on designing HVAC and other mechanical, electrical, and plumbing (MEP) systems for various structures. It also develops strategies to improve energy efficiency and sustainability within buildings, while offering comprehensive program and project management for client installation and modernization initiatives. In contrast, the Installation & Maintenance segment is responsible for fabricating and integrating HVAC, process piping, and other MEP systems into both new and existing industrial, commercial, and institutional facilities, alongside delivering continuous preventative and corrective maintenance for these systems. Legence Corp. caters to a diverse range of industries, including data centers, semiconductor production, precision manufacturing, life sciences, healthcare, education, commercial real estate, and the public sector.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
US
CEO
Jeffrey Sprau
Listed since
Sep 12, 2025
Employees
7,000

Market position

Day range

Current $59.37

52-week range

Current $59.37

Open
$60.93
Previous close
$60.08
Volume
834.9K
0.55× average
Average volume
1.53M
Average daily volume
Market cap
7.19B USD
Beta
3.31
Market reference 1
50-day average
$71.8295
-17.35% below average
200-day average
$61.6482
-3.70% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.32B USD
P/E (TTM)
-90.54×
P/B (TTM)
7.08×
P/S (TTM)
1.92×
EV / EBITDA
33.04×
Earnings yield
-2.34%
Free cash flow yield
8.57%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
16.74%
Operating margin
3.04%
Net margin
-1.20%
Return on equity
-15.24%
Return on assets
-2.23%
Return on invested capital
4.63%

Financial health

Debt / equity
1.99×
Current ratio
1.57×
Altman Z-score
2.63
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends24%13%2%-9%Gross margin, FY2022: 18.75%Gross margin, FY2023: 19.51%Gross margin, FY2024: 20.43%Gross margin, FY2025: 21.01%Operating margin, FY2022: -1.95%Operating margin, FY2023: 0.64%Operating margin, FY2024: 2.78%Operating margin, FY2025: 3.64%Net margin, FY2022: -6.60%Net margin, FY2023: -2.85%Net margin, FY2024: 0.46%Net margin, FY2025: -2.34%FY2022FY2023FY2024FY2025
Gross margin FY2022 18.75%. Gross margin FY2023 19.51%. Gross margin FY2024 20.43%. Gross margin FY2025 21.01%. Operating margin FY2022 -1.95%. Operating margin FY2023 0.64%. Operating margin FY2024 2.78%. Operating margin FY2025 3.64%. Net margin FY2022 -6.60%. Net margin FY2023 -2.85%. Net margin FY2024 0.46%. Net margin FY2025 -2.34%.

Income trends

Revenue

2.55B USD+21.53%

Operating income

92.93M USD+59.02%

Net income

−59.78M USD−69.5M USD
Income trends across reported periods2.81B USD1.76B USD707.56M USD−345.55M USDRevenue, FY2022: 1.25B USDRevenue, FY2023: 1.62B USDRevenue, FY2024: 2.1B USDRevenue, FY2025: 2.55B USDOperating income, FY2022: −24.25M USDOperating income, FY2023: 10.26M USDOperating income, FY2024: 58.44M USDOperating income, FY2025: 92.93M USDNet income, FY2022: −82.27M USDNet income, FY2023: −46.03M USDNet income, FY2024: 9.72M USDNet income, FY2025: −59.78M USDFY2022FY2023FY2024FY2025
Revenue FY2022 1.25B USD. Revenue FY2023 1.62B USD. Revenue FY2024 2.1B USD. Revenue FY2025 2.55B USD. Operating income FY2022 −24.25M USD. Operating income FY2023 10.26M USD. Operating income FY2024 58.44M USD. Operating income FY2025 92.93M USD. Net income FY2022 −82.27M USD. Net income FY2023 −46.03M USD. Net income FY2024 9.72M USD. Net income FY2025 −59.78M USD.
Metric (USD)FY2025FY2024FY2023FY2022
Revenue2.55B USD2.1B USD1.62B USD1.25B USD
Cost of goods sold2.01B USD1.67B USD1.3B USD1.01B USD
Gross profit535.93M USD428.64M USD315.15M USD233.71M USD
Selling, general, and administrative342.63M USD252.67M USD186.06M USD142.05M USD
Operating expenses442.99M USD370.2M USD304.89M USD257.95M USD
Interest income4.49M USD5.46M USD4.25M USD236K USD
Interest expense101.78M USD25.54M USD68.2M USD50.84M USD
Depreciation and amortization114.29M USD110.85M USD92.8M USD93.02M USD
Operating income92.93M USD58.44M USD10.26M USD−24.25M USD
Net income−59.78M USD9.72M USD−46.03M USD−82.27M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
2 beats, 2 misses, 0 met estimates
Average EPS surprise
-60.14%
4 comparable reports
Latest EPS result
-0.37
Estimate 0.37 · Miss by 199.68%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.640.28-0.08-0.45Q4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q4 2025, reported Nov 14, 2025: actual -0.02, estimate 0.083, surprise -124.06%, Miss. Q1 2026, reported Mar 27, 2026: actual -0.01, estimate -0.03, surprise +66.67%, Beat. Q2 2026, reported May 14, 2026: actual 0.24, estimate 0.206, surprise +16.50%, Beat. Q3 2026, reported Aug 13, 2026: actual -0.37, estimate 0.371, surprise -199.68%, Miss. Q4 2026, reported Nov 13, 2026: actual —, estimate 0.568, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.31B1.06B816.26M567.61MQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q4 2025, reported Nov 14, 2025: actual 708.01M USD, estimate 638.91M USD, surprise +10.81%, Beat. Q1 2026, reported Mar 27, 2026: actual 737.64M USD, estimate 619.05M USD, surprise +19.16%, Beat. Q2 2026, reported May 14, 2026: actual 1.04B USD, estimate 931.08M USD, surprise +11.47%, Beat. Q3 2026, reported Aug 13, 2026: actual 1.26B USD, estimate 1.07B USD, surprise +17.53%, Beat. Q4 2026, reported Nov 13, 2026: actual —, estimate 1.26B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$97.11

63.57% upside
Past 12 months12-month forecastHigh $130Average $97.11Low $72.00

Rating distribution

11 ratings
Strong buy00%
Buy1091%
Hold19%
Sell00%
Strong sell00%

Recent analyst actions

11 institutions
B of A SecuritiesmaintainBuy
Roth CapitalmaintainBuy

LGN news

defenseworld.net

10,243 Shares in LGN $LGN Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP acquired a new stake in shares of LGN (NASDAQ: LGN) during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The…

Read source
benzinga.com

These Analysts Revise Their Forecasts On Legence Following Q2 Results

Legence Corp (NASDAQ:LGN) on Thursday reported mixed second-quarter financial results.

Read source
defenseworld.net

LGN $LGN Holdings Increased by Bank of America Corp DE

Bank of America Corp DE lifted its stake in LGN (NASDAQ: LGN) by 161.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 680,217…

Read source
seekingalpha.com

Legence Corp. (LGN) Q2 2026 Earnings Call Transcript

Legence Corp. (LGN) Q2 2026 Earnings Call Transcript

Read source
marketbeat.com

LGN Q2 Earnings Call Highlights

Legence LGN NASDAQ: LGN reported record second-quarter results as demand for mission-critical building systems remained strong, led by data centers and technology projects, while the company raised its full-year revenue…

Read source
globenewswire.com

Legence Reports Second Quarter 2026 Financial Results

Record Quarterly Revenues of $1.26 Billion, a 111% Increase from a Year Ago Excluding Bowers Acquisition, Revenues (non-GAAP) Grew by 60% from a Year Ago1 Quarterly Adjusted EBITDA (non-GAAP) Increased 114% from Prior…

Read source

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ETFs holding LGN

Funds reporting this stock among their holdings, ordered by reported position size.

First Trust RBA American Industrial RenaissanceTM ETF logoFirst Trust RBA American Industrial RenaissanceTM ETFAIRR
Market value
183.93M
Weight
1.81%
AUM
10.14B USD
Expense ratio
0.69%
Price / 1D
$115.27-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
117.42M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
89.95M
Weight
0.11%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
84.76M
Weight
0.05%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
49.1M
Weight
0.11%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
39.03M
Weight
0.04%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Global X - U.S. Infrastructure Development ETF logoGlobal X - U.S. Infrastructure Development ETFPAVE
Market value
36.24M
Weight
0.26%
AUM
13.86B USD
Expense ratio
0.47%
Price / 1D
$56.39+0.62%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
32.85M
Weight
0.22%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%

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